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Santacruz Silver Mining (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that Carrizal Mining, S.A. de C.V. (“Carrizal”) has initiated a 6,000-meter surface diamond drilling campaign at the Veta Grande Project located in Zacatecas, Mexico pursuant to the terms of the binding LOI (the “Carrizal LOI”) between the Company and Carrizal (see press release dated December 14, 2017). …
Santacruz Silver Mining (TSX.V:SCZ) (the “Company” or “Santacruz”) reports that Carrizal Mining, S.A. de C.V. (“Carrizal”) has initiated a 6,000-meter surface diamond drilling campaign at the Veta Grande Project located in Zacatecas, Mexico pursuant to the terms of the binding LOI (the “Carrizal LOI”) between the Company and Carrizal (see press release dated December 14, 2017).
The initial 6,000-meter campaign over 15 drill holes will be focussed on drilling the Veta Grande vein at depth below the current level being mined by the Company and is expected to also intersect the La Flor, San Jose and Armados veins that run parallel to the Veta Grande vein.
Carlos Silva, COO of Santacruz, stated:
“This drill program will allow Santacruz to establish a maiden resource estimate on the Veta Grande vein in the first half of 2018.
Following this Phase 1 program the Company’s plan is to broaden the exploration program along the northern strike of the Veta Grande vein as we are eager to test the strike extent of this important historical vein system.”